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Sakmongkol ak 47

ariff.sabri@gmail.com

Sunday, 14 May 2017

PM Najib thinks he can pull wool over our eyes. He says he is determined to provide Malaysia with first class infrastructure. I think he is not saying the truth. As I have said before, he is a master at practising dog whistle politics. He sends out coded message to his band of thieves. What he is really saying is, I want to do more projects so that we can steal more money. The ordinary Malay paisan will get his RM30 and a few loafs of Gardenia bread.They will shout , this is the best UMNO in history.

Can
a person who stole RM3 million, tell a judge to give him time to return the
money? He tells the judge, he can find another RM3 million to replace what he
has stolen. If you give a person enough time, all problems will be solved. If the
judge gives the person enough time, he can pay. How he gets the money is no
concern to others. He may steal from someone else and replace the stolen.

In
a businesslike solution, he can indeed replace every single sen that was
stolen. To the unscrupulous businessman, this is all right because he has
replaced the stolen money. But what about the crime of stealing? It is still a
crime which must be punished. Otherwise we
come to the ridiculous conclusion, that a crime can be forgiven, if it is fully
compensated.

That
is exactly what Najib is asking us, collectively his judge, to do. He asks us
to give him time so he can carry out dastardly plans to replace the money
he has stolen. The key word is, stolen. More than half of the 1MDB 50 billion
was stolen, spirited away, stashed somewhere. So, given enough time, can the
debts/pilferage accumulated by 1MDB be paid off? They can be.

You
see, the answer to the issue is not like the person who wrote everything can be
recovered by just monetising all our assets and paying off 1MDB. Hell , we can monetise our future.

1MBB was not a
legitimate business. It was an evil plan set up to steal money from the public.
It was a giant ATM machine for some people to steal money and have the money
replaced before anyone realise or know about it. Unfortunately we all did come
to know about it.

We
are not only interested in recovering the money but also to see the crime and criminal
punished. We cant have a leader who steals lead the country.

The
easiest way is by selling off assets belonging to Malaysia. 1MDB has been would
up. The whole thing is transferred to MOF. Since it has no businesses to speak
off, what we have transferred are the assets and liabilities.It has no income generating businesses. It once
had private electricity and energy companies. That generated incomebut all has been sold to China.

What
do we have then. Assets we bought on the cheap such as remaining parcels and
landed interests in TRX. It didn’t develop TRX and wants to sell off what it still
holds. That way it does that is just like all those unscrupulous but well connected
person who got largesse from the government. Sell the land to the higher bidder.
That was how all the Malay businessmen and some MBs did. Sell the land without
thinking the conduct reduces land holding that was supposed to be kept under
Malay title. Just like one blogger likes to say- let the malaiyoos fuck their mothers.

1MDB
has landed interests. So they transfer these assets to MOF and is planning to
sell them off. It didn’t develop Bandar Malaysia. It has ownership of the land.
That too it wants to sell, by finding a purchaser who is willing to buy at a
better price. It has ownership of fund units. This is hardly a business. It owns
some assets.

Sell
them at exorbitant price, sure we can pay. Or as the finance con-sultans say-
monetise our assets. It simply means selling the family jewels.

What
do we have? We have a balance of land acreage in TRX not already sold. That can
be sold off at a higher price in the future. We have a share in a JV
development with an Australian company, which we can cash out. Of course these
do not concern the ordinary Malays- the peons and farmers, the pasar malam
vendors, the scroungers.

We
have sold off EDRA. We now have 100% ownership of Bandar Malaysia since we ejected
the JV Company. Najib may have spent the RM741million deposit. MOF- i.e. the government
now pays for it. Who gives Najib the authority to do business this way? He enjoys
the RM741million deposit but now the government pays for it.

We
can sell this off later or look out for a better partner. If it were we who
kicked out the partner after signing up with all the attendant festivities, this
tells us that Malaysia is not a business partner which can be trusted. That is
because the man doing the business is not to be trusted.

And
here is another thing. We cannot discount the possibility of some people around
the PM may have gone shopping around to be get better deals after 1MDB signed
with IWH consortium.

This
is a double whammy for us. Already the first deal was questionable to some of
us- selling off 60% of Bandar Malaysia under a cloud of convoluted deal making.

There
is indeed no honour among thieves.

We
have the unverifiable fund units stashed in pirate island Caymans. Now, here is
the puzzling thing-why would IPIC arranged for one of its company to buy out
these fund units and then used the sales earnings to pay off the debt owed by
1MDB to IPIC?

So
you see dear readers, Najib doesn’t care as long as he can cover the holes he
dug. And so to the practical business analysts- we say, this whole business
with 1MDB is not the dig hole-cover hole variety. It’s not using one credit
card to pay off the other credit cards.

But
that is not the point. The point is who gives authority to Najib to sell off
our family heirloom so to speak? Nobody does. He has abused our trust. He has
stolen from us. He has lied to us repeatedly. That is the issue. We have a
leader who lied, stole money from us and cannot be trusted. Why must we allow
him to cover up his wrongdoings by giving him chance to monetise our assets?

That
makes the leader of this nation an unscrupulous deal maker.Where do we throw the basic ingredient behind
a good government? which is, good government depends on good people.

4
comments:

Very true...what you said is the truth behind all the wheeling and dealing.But sadly...how many of us realise this?..especially the malays.1MDB is rotting dead and the carcass is kept by MOF.

There is a point that I disagree with you Datuk...The Stolen Monies will never be replaced by MO1...He keep on stealing to cover the exposed theft...and of course he will steal more and pocket the extra...Dig a bigger hole to cover the old hole..this will be an ongoing thing so long as BN is the government of the day. UMNO is the fish whose head is already rotten...the flesh is already unpalatable..and yet the malays devour it with gusto.

Datuk...the opposition pact must always remind the people of what is happening...do whatever is in your power to change their perception...guide them to see the realities and the state of our nation.

MO1 is not only an exposed munafik but also a proven thief.Malaysians...do you still believe him?...and let him pawn the remnants of our beloved nation?

Shouldnt'the 10% deposit be in an escrow? A really sad state of affairs that we cant develop Bandar Malaysia ourselves. Now PAS is on the news on a daily basis. The thought of a Malaysia controlled partly by PAS, especially since the reasonable/educated group within PAS has been totally kicked out, is like being immersed in a horror movie you can't get out from.